TEL AVIV, Israel, Feb. 7, 2019 /PRNewswire/ -- L.I.A. Pure Capital
Ltd., or Pure Capital, announced today that it has delivered a
letter to the board of directors of B.O.S. Better Online Solutions
Ltd. (NASDAQ: BOSC), or the Company, demanding that a special
meeting of the shareholders be convened no later than April 4, 2019, in order to allow the Company's
shareholders to vote upon the removal of the Company's current
directors and the election of Pure Capital's director nominees in
their stead.
The director nominees proposed by Pure Capital are Eli Yoresh, Itshak
Shrem, Lior Amit,
Liron Carmel, and Dr. Hedva
Voliovitch, nominees which brings to the table a combination of
experience, financial expertise and a fresh, unbiased view of the
Company's activities. The director nominees will promote a clear
agenda of ending the stagnation cultivated and maintained by
current management, increasing efficiencies, driving sustainable
growth, unlocking the Company's untapped potential and increasing
value to shareholders.
Pure Capital has entered into voting agreements with Next-Line
Ltd. and iDnext Ltd. in addition to completing the acquisition of
32,804 Ordinary Shares of the Company and as a result now holds
voting power over 5.5% of the Company's outstanding share
capital.
Pure Capital's letter to the directors of the company can be
found at -
https://www.sec.gov/Archives/edgar/data/1005516/000121390019001799/sc13d0219ex4liapure_bos.htm.
Pure Capital's position statement, further substantiating its
arguments can be found at -
https://www.sec.gov/Archives/edgar/data/1005516/000121390019001799/sc13d0219ex5liapure_bos.htm.
About Pure Capital Ltd.
Pure Capital is a privately owned investment company. Pure
Capital specializes in identifying underperforming, publically
traded companies, taking a substantial stake and steering them on a
path to increased shareholder value. Over the last two years, Pure
Capital has led various transactions and capital raises totaling
over $200 million in the U.S,
Canada and Israel for the benefit of its portfolio
companies.
About B.O.S. Better Online Solutions Ltd.
B.O.S. Better Online Solutions Ltd. (BOSC) is an Israeli
integrator of RFID and Mobile solutions and a provider of Supply
Chain solutions to enterprises. BOS' RFID and Mobile division
offers both turnkey integration services as well as stand-alone
products, including best-of-breed RFID and AIDC hardware and
communications equipment, BOS middleware and industry-specific
software applications.
Investor Relations Contact:
Michal
Efraty
Adi & Michal PR and
IR
michal@efraty.com
+972-52-3044404
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SOURCE L.I.A Pure Capital Ltd.